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No. of Recommendations: 4
What is "wealthy" is like what is "inflation", very dependent on one's expectations and lifestyle.

My older hippie brother might have a net worth around $500k, almost all of it his paid off house that he bought 40 years ago before the local housing boom market. He still "works" puttering around at his church and mowing lawns. I think most of it is to keep social contact. Maybe earns $30k/yr. Does what he wants when he wants. So he could be considered wealthy in many respects.

I'm almost 180 degree different. Net worth approaching 8 figures. Have "mailbox money"* that covers needs and wants. I do what I want when I want. The more traditional picture of wealth.

Different stories same result.


* dividends and rental property income. Money I get without generating a W2.
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